Financial Management
Privatization Proceeds Generation, Collection and Utilization

PSALM’s privatization efforts generated a total of PHP910.16 billion as of end 30 September 2018. Of this amount, actual collection amounted to PHP554.77 billion as of this period.

Privatization Proceeds Generation and Collection
As of 30 September 2018
In PHP Billion

Assets Generated Collected Balance
Generating Assets 162.23 162.23 0.000
Decommissioned Plants 0.63 0.63 0.000
Transmission Business (Concession Fees) 264.80[1] 180.54 84.26
Appointment of IPPAs 482.50 211.37[2] 271.13
Total 910.16 554.77 355.39

[1] /Privatization Proceeds relative to concession fees are inclusive of interest on deferred payment.
[2] /Collections include adjustments in IPPA proceeds based on IPP plant operation.

Total collections of PHP554.77 billion as of September 2018, including interest income on placements, were exclusively utilized for the liquidation of financial obligations amounting to PHP604.98 billion as of September 2018.

Privatization Proceeds Utilization
As of 30 September 2018
In PHP Billion

Utilization Amount
(In PHP Billion)
Debt Prepayment 70.39
Regular Debt Service 373.77
BOT Lease Obligations 160.82
Other Privatization-Related Expenses 5.12
TransCo OPEX 0.05
Total 610.15

USD1:PHP54.251 (BSP Guiding Rate dated 30 September 2018)